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please answer 2 questions attached The following data have been recorded for recently completed Job 450 on its job cost sheet. Direct materials cost was
please answer 2 questions attached
The following data have been recorded for recently completed Job 450 on its job cost sheet. Direct materials cost was $2,088. A total of 33 direct labor-hours and 273 machine-hours were worked on the job. The direct labor wage rate is $18 per labor-hour. The Corporation applies manufacturing overhead on the basis of machine-heurs The predetermined overhead rate is $25 per machine-hour. The total cost for the job on its job cost sheet would be: Multiple Choice $6,463 $9,507 96.882 $1,652 Garza Corporation has two production departments, Casting and Customizing. The company uses a job-order costing system and computes a predetermined overhead rate in each production department. The Casting Department's predetermined overhead rate is based on machine-hours and the Customizing Department's predetermined overhead rate is based on direct labor-hours. At the beginning of the current year, the company had made the following estimates: Casting 30,000 9,000 $135,000 $ 1.90 Customizing 12,000 10,000 $47,000 Machine-hours Direct labor-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per machine- hour Variable manufacturing overhead per direct labor-hour $ 4.70 The estimated total manufacturing overhead for the Customizing Department is closest to: Multiple Choice $177,300 $47000 Multiple Choice $177,300 $47000 $94,000 $47000 Step by Step Solution
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